Hengli Petrochemical plans to invest more than 24.2 billion yuan to build a batch of large projects

Hengli Petrochemical continuously issued announcements on June 25 and announced 4 investment expansion plans, involving functional polyester film, functional plastic projects, PBS biodegradable plastic projects, textile new materials projects and new materials supporting chemical projects.
The total investment amounted to 24.
2 billion yuan
.

New material supporting chemical project

New material supporting chemical project New material supporting chemical project

In order to make full use of the existing refining and chemical products of Hengli Petrochemical (Dalian) Industrial Park, provide good support for subsequent industrial extension, and increase product value and project income, its subsidiary Hengli Petrochemical (Dalian) Chemical Co.
, Ltd.
plans to invest 2.
3 billion yuan Construction of new materials supporting chemical projects
.

The project includes 350,000 tons/year synthetic ammonia device, 300,000 tons/year nitric acid device, 300,000 tons/year adipic acid device and 200,000 tons/year food grade carbon dioxide device, as well as supporting general plans and storage and transportation facilities.
The construction period is 3 Years
.

It is estimated that the average annual sales revenue will be about 3.

Annual production of 450,000 tons of PBS biodegradable plastic project

Annual output of 450,000 tons of PBS biodegradable plastic project Annual output of 450,000 tons of PBS biodegradable plastic project

Kanghui Dalian New Material Technology Co.
, Ltd.
, a subsidiary of Hengli Petrochemical, plans to invest 1.
8 billion yuan to build a PBS-type biodegradable plastic project with an annual output of 450,000 tons
.

The project is located in the western industrial zone of Dalian Changxing Island Economic Zone.

Hengli Petrochemical said that the PBS biodegradable plastic project complies with the national industrial policy and has a good market prospect.
After the project is completed, it can effectively expand the company's production capacity and scale of the company's new biodegradable material sector and increase the market share of biodegradable plastics
.

It is estimated that the annual sales income can be 10.

1.
5 million tons/year green multifunctional textile new material project

　1.
5 million tons/year green multifunctional textile new material project　1.
5 million tons/year green multifunctional textile new material project

In order to further enhance the comprehensive competitiveness of the entire industrial chain of polyester chemical fiber, Jiangsu Hetera Polymer Materials Co.
, Ltd.
, a subsidiary of Hengli Petrochemical, plans to invest 9 billion yuan to build a 1.
5 million tons/year green multifunctional textile new material project
.

It is estimated that the average annual sales revenue will be approximately 18.

　　The project is located in Hengli Textile New Material Industrial Park, Binjiang New District (Wuji Town), Tongzhou City, Nantong City
.

Project content and scale: 150,000 tons/year super-simulation functional new elastic fiber project (two-component), 150,000 tons/year super-simulation differential environmental protection fiber project (regenerated fiber), 300,000 tons/year modified polyester Fiber project (cation), 300,000 tons/year differentiated functional polyester fiber project (full matting), 600,000 tons/year differentiated super-simulated polyester fiber project (300,000 tons/year POY, 300,000 tons/year FDY), the construction period is 2 years

　　800,000 tons of functional polyester film and functional plastic project

800,000 tons of functional polyester film, functional plastic project 800,000 tons of functional polyester film, functional plastic project

　　Jiangsu Kanghui New Material Technology Co.
, Ltd.
, a subsidiary of Hengli Petrochemical, plans to invest 11.
1 billion yuan to build a functional polyester film and functional plastic project with an annual output of 800,000 tons
.

The project includes a functional polyester film 346,000 tons/year device, a high-end functional polyester film 124,000 tons/year device, a functional film 100,000 tons/year device, a modified PBT 150,000 tons/year device, and a modified PBAT 80,000 tons/year device.

　　Hengli Petrochemical said that the rapid development of downstream industries such as packaging, electronics, and automobiles has promoted the rapid growth of the market demand for new materials such as engineering plastics and polyester films.
After the completion of the project, it can effectively expand the company's production capacity and scale in the new polyester material sector.
Market share, increase economic and social benefits, and enhance the company’s core competitiveness
.

After the project reaches production and results, it is estimated that the average annual total sales revenue will be approximately 14.